A new scheme of shares doesn't work in Kharkiv. BuildingNews

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Development companies give the money instead of the apartments to the municipal government. It is the scheme of the construction companies' contribution to the urban development in Ukraine and, therefore, in Kharkiv. It should be noted that before this innovation developers had given its share of the apartments to the city, had laid supply pipelines for the city, etc. According to the evaluation of Mr. Yakiv Musienko, the Head of the Social and Economical Development, Planning and Registration Department, the new mechanism is clearer and more progressive. At the same time the developers say the money contribution scheme looks attractive but in practice it doesn't work because community services keep pushing them to fulfilling so-called technical agreement -- they practically make them to lay services for the city. Building News. Kharkiv. Ukraine. June, 7. 2010.

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